Pre-Existing Use, Preferred Stock, Premises, Premium

Pre-Existing Use, Preferred Stock, Premises, Premium :

Pre-Existing Use : a particular area located in some zone for which zoning has changed, but which is excused from the new system to the extent that the property existed for other use prior to the effectual date of the new ordinance

Preferred Stock : Preferred stock is a stock held by certain number of shareholder for which they get dividend before equity shares. These stock don’t enjoy and kind of voting power in the company in spite of getting their share of dividend before equity

Premises : buildings and land whose exact meaning varies with the situation in which it is used. In respect to a worker, for example, it may mean the place he is working.

Premium : The amount which insurer gets as a lump sum or time to keep policy on in force : Plus points of a product : A gift, bonus or reward given to a buyer so that he can buy